SiiLA Brasil CEO joined BandNewsFM Radio Real Estate Forum

Giancarlo Nicastro spoke about the moment in the market for condominiums.

On Wednesday (25), Giancarlo Nicastro, CEO of SiiLA Brasil, joined the Real Estate Forum, held by BandNewsFM radio also live-streamed on the YouTube channel.

Marcelo Hannud, the specialist in the Real Estate Market; Marcelo Fayh, Real Estate Funds analyst at GuiaInvest, and Marcos Baroni, Real Estate Funds analyst at Suno Research, who have debated about Real Estate Funds (FIIs), took part in the first round of the debate. Hannud opened the round, mediated by the anchor Gabriela Mayer, highlighting that FIIs should become the type of investment that will replace savings for Brazilians.

"It has everything to become the most accessible investment and most asked by Brazilians because it is a democratic investment," said Baroni. However, Fayh talked about how REIT quotas work: "The REIT allows you, with little money, to buy not just one, but a series of properties in a fractional way". According to the GuiaInvest analyst, it is a collective way to reach real estate investment in a structured and organized manner.

At the second table, Hannud, Abiner Oliveira, commercial director of Colliers, and Nicastro discussed the effects of the pandemic on the commercial real estate market and perspectives for the next couple of years.

The SiiLA Brasil's CEO also highlighted that one of the markets monitored by the company in Brazil, the logistics condominium segment had the best performance during the pandemic, but it also pointed the contrast in the large concentration of logistics warehouses in São Paulo - 18 million square metres in which 11 million are in the state alone.

The CEO of SiiLA Brasil also mentioned the last mile issue in the debate: "Today the last mile is being discussed, which is the last delivery mile, and this is no longer a logistical warehouse on the road, but a Distribution Centre to deliver to the cities. Asked by the anchor if there is already a decentralisation perspective for this to happen, Nicastro said that this movement is already happening, albeit timidly, but tends to accelerate very quickly.

Oliveira highlighted the positive moment for logistics warehouses in the country, which had growth driven by spending during the pandemic: "Last year was the best year for the warehouse market since it started to be monitored. The volume of leases reached 2.6 million square metres. This year is already better than 2019 and should exceed 2020 in lease."

Regarding the future of offices, Hannud defended that the remote work regime cannot be considered a permanent situation but an emergency one. He predicts that the future of work tends to be decentralised, with flexible offices. At the same time, the CEO stated that the offices will not end, bringing examples of leased projects before being ready and companies that have returned their offices at the beginning of the pandemic and are now unable to return to their former headquarters as they already have been leased by others.